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1208 Leonard St NW

West Grand, Grand Rapids, MI
Total Size
11,470 sqft
Zoning
COMMERCIAL
Year Constructed
0
Year Renovated
0
Building Class

About 1208 Leonard St NW

100% leased building with four retail fronts, three upper apartments and a home next door. Great visibility across from Burger King and close to McDonald's. Own the entire city block of frontage. Always full and well maintained. Tenants include Alexander's Militaria, Jackson Hewitt CPA's, Heaven's Treasures Antiques and a mens hair salon/barber called The Chop Shop. Upstairs there are three apartments, one is huge. The home next door is also included and is rented. Recent improvments include a new rubber roof, newer furnaces, water heaters and plumbing and electrical work making it low cost for the next owner. Buildings can be split into three sections if a smaller investment is desired. Can be divided into one storefront with two apartments above, a retail strip with two tenants and a large apartment above (with garage) and the home by itself. Private parking area in the rear and in front on Leonard. Call Peter Colvin at Sperry Van Ness Investment Property Advisors for a detailed rent roll and income/expenses. 616-893-1398 or peter.colvin@svn.com Building measurements are estimated. - Tenancy: Multiple Tenants

Internet Providers for 1208 Leonard St NW

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
AT&T Michigan DSL
25 Mb/s
3 Mb/s
ACD.net DSL
25 Mb/s
3 Mb/s
Iserv DSL
10 Mb/s
768 kbps
Cavalier Telephone DSL
10 Mb/s
1.5 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The Neighborhood: West Grand

On average, listings lease in the $20's per square foot per year. The West Grand region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.

Compared to the rest of the Grand Rapids market, the West Grand submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
West Grand $25
/sqft/yr
30,640
sqft
Median Rate Median Size
Grand Rapids $25
/sqft/yr
1,860
sqft

Median Rate over Time in West Grand